National Bank's notes-350 of 925th issue - floatation results

/IRBIS, Sergey Yakovlev, June 16, 04/ - Today the National Bank of Kazakhstan (NBK) held the 925th auction for floatation of notes. The auction was conducted with additional floatation, realized during the day. Following is complete results of floatation and comparison with previous relevant issue. ----------------------------------------------------- Type of the securities Notes-350 NIN KZW1KW509257 KASE trade code NTK350_0925 IRBIS registration number 925/n Par value, KZT 100.00 Time basis actual/365 Offering date (auction) Jun 16, 04 Payment date Jun 16, 04 Circulation start date Jun 16, 04 Maturity date Jun 01, 05 Days in circulation 350 Planned volume, KZT m 1,000.0 Limits on uncompetitive, % 50 Number of participants - Primary agents 10 Demand, KZT m 7,370.7 WA yield on demand, % APR 5.01 Actual volume, KZT m 5,602.1 Cut-off price, KZT 95.44 WA price, KZT 95.44 Maximum yield, % APR 4.98 Weighted average yield, % APR 4.98 Effective WA yield, % APR 4.98 ----------------------------------------------------- Relative to previous successful floatation of notes (KZW1KW369249, notes- 252 dated June 10, 04) demand fell by KZT 1,947.7 m (1.3 times), actual volume of satisfied bids - by KZT 2,343.3 m (1.4 times), effective yield of notes increased from 4.93%APR to the value indicated in the table. [2004-06-16]